Google buys interest in Himax

Google has agreed to purchase certain amount of preferred shares in Himax Display, and will hold a 6.3 per cent interest in the subsidiary.

According to a Himax press release the cash will be used to fund production upgrades, expand capacity and further enhance production capabilities at HDI's facilities that produce liquid crystal on silicon (LCOS) chips and modules used in applications including head-mounted display such as Google Glass, head-up display and pico-projector products.

Google also has an option to make buy more shares within one year of closing.